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Announced

Completed

Zimmer Biomet completed the acquisition of A&E Medical from Vance Street Capital for $250m.

Financials

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Transaction Value£187m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Single Bidder

medical devices

Private

Acquisition

Completed

Private Equity

United States

Medical Equipment

Majority

Domestic

Synopsis

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Zimmer Biomet, a medical device company, completed the acquisition of A&E Medical, a manufacturer of medical devices, from Vance Street Capital, a private equity firm, for $150m in cash at closing and $100m in cash payable in 2021. "A&E Medical's high-growth business and innovative products are highly complementary to our current portfolio and will allow us to offer a comprehensive suite of sternal closure products, including rigid fixation, which has the potential to shift the standard of care and address a variety of unmet patient and surgical needs. This deal aligns with our active portfolio management strategy and the ongoing transformation of our business that will position Zimmer Biomet for long-term growth," Bryan Hanson, Zimmer Biomet President and CEO.

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